Dec. 8 at 11:03 PM
Actionable Trade Alert for
$NVR:
Market Context: The last close for
$NVR is
$7512.59, currently positioned near its 60D high of
$8489.85. The RSI at 65.22 indicates overbought conditions, suggesting potential for a pullback or consolidation. However, the price is above the MA30 (7337.45) and close to the MA50 (7515.36), indicating bullish momentum.
Directional Bias: Despite the overbought RSI, the price's proximity to the MAs and recent high suggests a bullish bias. The 60D low of
$7003.47 provides a solid support level.
Trade Plan:
- Suggested Entry:
$7515
- Stop Loss:
$7350 (approx. 2.2% risk)
- Take Profit Targets:
1.
$7800 (3.8% gain)
2.
$8200 (9.1% gain)
3.
$8800 (17.1% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk.
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